This is because investors still incorrectly assume that console gaming is no longer viable in relation to the low cost high turnover mobile market. The reality is far more complex and while mobile games are indeed cheaper to develop, they rarely make any money due to the saturation of games on those platforms.

Whereas when it comes to console gaming, as long as you keep the development budgets relatively sensible, you can still get a good return as console gamers are more dedicated as to their pastime.

While the launch of the Switch has clearly been a successful one, with Zelda: Breath of the Wild being an excellent system seller. The challenge now is whether Nintendo can keep the momentum going with solid third-party support in terms of games.

The lack of games on the Wii U was its ultimate downfall and if Nintendo cannot rectify that with the Switch, then it may suffer the same fate as its predecessor.

For now at least, the Nintendo Switch has gotten off to a great start and I am hopeful that this excellent console will do very well over the next few years.